American Healthcare Correlations

AHR Stock

30.31 0.14 0.46%

The current 90-days correlation between American Healthcare REIT, and IPG Photonics is 0.06 (i.e., Significant diversification). The correlation of American Healthcare is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

American Healthcare Correlation With Market

Weak diversification

The correlation between American Healthcare REIT, and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Healthcare REIT, and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Healthcare REIT,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with American Stock

0.63	O	Realty Income	Pair Corr
0.62	DX	Dynex Capital	Pair Corr
0.67	VNO-PL	Vornado Realty Trust	Pair Corr
0.69	VICI	VICI Properties	Pair Corr
0.62	MITT-PA	AG Mortgage Investment	Pair Corr
0.68	MITT-PC	AG Mortgage Investment	Pair Corr

Moving against American Stock

0.63	PK	Park Hotels Resorts	Pair Corr
0.61	EQC	Equity Commonwealth	Pair Corr
0.54	RC	Ready Capital Corp	Pair Corr
0.53	CMCT	Creative Media Community	Pair Corr
0.46	IRM	Iron Mountain	Pair Corr
0.41	PDM	Piedmont Office Realty	Pair Corr
0.39	UE	Urban Edge Properties	Pair Corr
0.37	OZ	Belpointe PREP LLC	Pair Corr
0.31	KRC	Kilroy Realty Corp	Pair Corr
0.66	ESBA	Empire State Realty	Pair Corr
0.6	WHLR	Wheeler Real Estate	Pair Corr
0.57	WETH	Wetouch Technology Common	Pair Corr
0.57	ESRT	Empire State Realty	Pair Corr
0.57	EXPI	eXp World Holdings	Pair Corr
0.41	EQIX	Equinix	Pair Corr
0.36	EARN	Ellington Residential	Pair Corr
0.36	VTMX	Corporacin Inmobiliaria	Pair Corr

Related Correlations Analysis

	GPAIF	IPGP	TRUA	CC	TPR	JRSH	HMY	ZUMZ
GPAIF		0.0	1.0	0.0	0.0	0.0	0.0	0.0	GPAIF
IPGP	0.0		0.0	0.76	-0.67	-0.83	-0.59	0.8	IPGP
TRUA	1.0	0.0		0.0	0.0	0.0	0.0	0.0	TRUA
CC	0.0	0.76	0.0		-0.17	-0.53	-0.32	0.5	CC
TPR	0.0	-0.67	0.0	-0.17		0.78	0.58	-0.65	TPR
JRSH	0.0	-0.83	0.0	-0.53	0.78		0.6	-0.71	JRSH
HMY	0.0	-0.59	0.0	-0.32	0.58	0.6		-0.78	HMY
ZUMZ	0.0	0.8	0.0	0.5	-0.65	-0.71	-0.78		ZUMZ
	GPAIF	IPGP	TRUA	CC	TPR	JRSH	HMY	ZUMZ

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TRUA	+ 1.0	GPAIF
ZUMZ	+ 0.8	IPGP
JRSH	+ 0.78	TPR
CC	+ 0.76	IPGP
HMY	+ 0.6	JRSH
HMY	+ 0.58	TPR

High negative correlations

JRSH	- 0.83	IPGP
ZUMZ	- 0.78	HMY
ZUMZ	- 0.71	JRSH
TPR	- 0.67	IPGP
ZUMZ	- 0.65	TPR
HMY	- 0.59	IPGP

Risk-Adjusted Indicators

There is a big difference between American Stock performing well and American Healthcare Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze American Healthcare's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GPAIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IPGP	1.86	(0.20)	0.00	(0.17)	0.00	0.00	4.47	(4.31)	9.93
TRUA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CC	2.28	(0.33)	0.00	(0.21)	0.00	0.00	4.21	(5.02)	18.10
TPR	1.83	0.26	0.11	0.22	2.14	(1.95)	3.56	(3.60)	17.66
JRSH	1.02	0.05	0.03	1.08	1.35	(1.19)	1.69	(2.16)	11.86
HMY	2.22	0.60	0.21	3.40	2.28	(2.48)	5.01	(4.36)	13.50
ZUMZ	2.37	(0.41)	0.00	(0.26)	0.00	0.00	5.72	(5.01)	16.30

American Healthcare Corporate Management

JD Esq	Associate VP	Profile
Alan III	Vice Finance	Profile
Ray Oborn	Executive Management	Profile
Gabriel Willhite	Chief Officer	Profile
Brian Peay	Chief Officer	Profile
Wendie Newman	Executive Management	Profile

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